Match Group Inc. (NASDAQ:MTCH) Receives Consensus Rating of “Hold” from Analysts

Match Group Inc. (NASDAQ:MTCH) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $41.2857.

A number of equities research analysts have recently weighed in on MTCH shares. Wall Street Zen raised shares of Match Group from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. UBS Group lifted their target price on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. TD Cowen boosted their target price on shares of Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and set a $43.00 price target on shares of Match Group in a report on Wednesday, May 6th. Finally, Truist Financial set a $37.00 price target on shares of Match Group in a research report on Wednesday, May 6th.

Match Group Stock Performance

Shares of MTCH stock opened at $38.45 on Thursday. Match Group has a fifty-two week low of $28.81 and a fifty-two week high of $39.20. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 0.61 and a beta of 1.30. The stock’s 50-day simple moving average is $36.05 and its 200-day simple moving average is $33.27.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $863.93 million during the quarter, compared to analyst estimates of $854.70 million. Match Group had a net margin of 18.83% and a negative return on equity of 307.45%. Match Group’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. As a group, equities analysts forecast that Match Group will post 3.11 earnings per share for the current year.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, July 7th. Match Group’s payout ratio is currently 30.53%.

Insiders Place Their Bets

In related news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the transaction, the director owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This represents a 24.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its stake in Match Group by 1.9% in the 2nd quarter. Versant Capital Management Inc now owns 15,463 shares of the technology company’s stock valued at $588,000 after acquiring an additional 289 shares during the period. CX Institutional raised its position in Match Group by 25.7% during the second quarter. CX Institutional now owns 8,166 shares of the technology company’s stock worth $311,000 after acquiring an additional 1,669 shares during the period. NewEdge Advisors LLC lifted its holdings in Match Group by 178.0% during the first quarter. NewEdge Advisors LLC now owns 28,588 shares of the technology company’s stock valued at $878,000 after purchasing an additional 18,303 shares in the last quarter. Caerus Investment Advisors LLC lifted its holdings in Match Group by 10.8% during the first quarter. Caerus Investment Advisors LLC now owns 10,129 shares of the technology company’s stock valued at $311,000 after purchasing an additional 986 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of Match Group by 76.6% in the first quarter. Glenmede Trust Co. NA now owns 72,161 shares of the technology company’s stock valued at $2,216,000 after purchasing an additional 31,305 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

About Match Group

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.